Despite mounting financial pressure, China says it won’t negotiate until the Trump administration shows “sincerity” by canceling tariffs on its goods.

After three months of bluster and huge tariffs on both sides, Beijing and the Trump administration are softening their language on holding negotiations.

China said it is evaluating U.S. officials’ willingness to negotiate trade talks, giving a spark of hope for de-escalating the trade war between the world’s largest two economies.